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IIFL Securities FAQs (Frequently Asked Questions)


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IIFL Securities Account Opening Enquiry

Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service, and the use of cutting-edge technology. IIFL Securities o... Know more about IIFL Securities Ltd

Do you have questions about IIFL Securities share trading account or IIFL Securities Demat account?

Get all your share trading doubts and questions answered by reading the IIFL Securities demat, trading account information FAQ. All IIFL Securities questions, IIFL Securities q&a, IIFL Securities faq and IIFL Securities questions and answers.

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Frequently Asked Questions

  1. 1. How to delete IIFL Demat account?

    The IIFL Demat account can be deleted or closed by filling and submitting a physical account closure request form to the required address of the IIFL branch/office as per the instructions given. It is a completely offline process and cannot be done online or by contacting customer support.

    Steps to delete IIFL Demat account

    1. Download the account closure formand fill it with all the required details.
    2. All account holders must sign the form.
    3. Attach the unused delivery instruction booklet (DIS) and submit the form in your branch office or courier it to the address given in the form.

    Please Note:

    • It takes about 7 to 10 days to process the closure request.
    • Clear all your pending dues before requesting for account closure.
    • Transfer existing securities to other Demat accounts.

     

     

  2. 2. Who are IIFL's competitors?

    ICICIdirect, Angel Broking, HDFC Securities, Kotak Securities, and Sharekhan are amongst the top competitors of IIFL Securities.

    IIFL Securities, formerly known as India Infoline, is one of the biggest full-service stockbrokers in India. IIFL has a strong research team providing the best advisory services to its customers. The company offers a wide range of trading and investment opportunities in equity, commodity, currency, and derivatives. IIFL also offers various other financial products like Mutual Funds, IPOs, Bonds, Insurance, Loans. and FDs.

     

     

  3. 3. How to become an IIFL partner?

    To become an IIFL partner, you need to submit your basic details and type of partnership business model in the partner inquiry form available on the company website. An IIFL representative will then connect with you to understand your objectives, interest, experience, capital, and take you through the entire partnership program details.

    IIFL offers four types of business models to partner with IIFL. You can partner with IIFL as:

    • Franchisee
    • Marketing Associate
    • Entrepreneur
    • Remissier

    The objective, eligibility criteria, and capital requirements for each of them different. You need to choose the business model that best suits your requirement, interest, and capacity. IIFL will provide you the required training and support to help you set up your partner model. Recently, IIFL has launched an advisory platform called AAA - Advisor Anytime Anywhere as a one-stop solution for its entrepreneurs to become independent financial advisors.

     

     

  4. 4. How to trade in IIFL?

    To avail trading and investment services of IIFL, you need to open a trading & Demat account and link it with your savings bank account. To invest in mutual funds, you need to open a separate account called 'IIFL Mutual Fund Account'. All the securities bought through the trading account will be held in the Demat account linked to it.

    IIFL offers 3 different brokerage plans to its customers:

    1. Flat Brokerage Plan
    2. Variable Brokerage Plan
    3. Value-added Subscription Plan (Advance Brokerage Plan)

    You can choose any of the plans at the time of opening the account. You also have the flexibility to switch between accounts at any time. The brokerage is charged as per the chosen plan. You also have to pay other fees and taxes based on your transactions.

    You can place buy/sell orders through IIFL in multiple ways either through your mobile or desktop/laptop:

    1. IIFL Markets App(Mobile Trading App)
    2. TT Web(Online Trading Website) or TT Desktop (Installable Trading Terminal)
    3. IIFL Mutual Funds App(Android and iOS)
    4. Call and Trade

    Note: It is not mandatory to open a Demat account if you already have an existing Demat Account with another broker. However, it is advisable to open trading and Demat account with one broker for seamless transactions.

     

     

  5. 5. How to close IIFL account online?

    IIFL account cannot be closed online. You are required to submit the physically signed paper account closure form to the IIFL office for closing the account.

    Steps to close IIFL account

    1. Visit the IIFL Securities website.
    2. Go to the download forms section and download the Account Closure Request Form
    3. Fill in all the required details like client ID, DP ID, name, and the reason for closing the account.
    4. Courier/send the form to the nearest branch or the head office.

    Points to Note for account closure:

    • There should be no negative balance in the account.
    • There should be no securities in the Demat account.
    • Submit the unused DIS (delivery instruction slip) to the DP.

     

     

  6. 6. Is IIFL safe for trading?

    IIFL is one of the safest brokers with a track record of over 25 years. It is known for its robust technology and personalized services. IIFL offers safe and secured trading platforms to trade across multiple asset classes.

    IIFL is a listed company with good corporate governance and transparent business practices. Moreover, IIFL Securities is a SEBI registered broker and a member of NSE, BSE, MCX, and NCDEX. Being a listed company and a member of regulatory authorities, the company transactions are subject to scrutiny that protects the interest of the investors.

    IIFL's wealth management division is among the largest in India. It handles a wealth of over Rs 1 lakh Crore for High Net-worth Individuals and corporate. This shows that they are well trusted and safe.

     

     

  7. 7. How to open a Demat account in IIFL?

    IIFL Demat account can be opened online instantly for free with zero maintenance charges for the first year.

    Steps to open IIFL Demat account:

    1. Visit the IIFL Securities website.
    2. Provide phone number and email id and validate them.
    3. Enter the PAN details.
    4. Verify the personal details fetched based on PAN.
    5. Enter the IFSC Code and Bank Account No.
    6. Upload the signature signed on white paper and one photo.
    7. Click on Continue.
    8. Click on E-sign based on Aadhar.
    9. Enter the Aadhar number on the directed NSDL website.
    10. Enter the OTP to complete the E-signature process.

    You can also sign the form physically if you opt for Offline KYC. In such cases, the account opening form gets sent on the registered Email ID that needs to be printed, signed, and submitted to the nearest IIFL Securities branch.

     

     

FAQs

  1. What is AMC for IIFL Securities?

    IIFL Securities charges Rs 0 Annual Maintenance Charge (AMC) for a trading account and Rs 250 (Free for 1st year) for a Demat account. AMC is charged to maintain the accounts.

  2. How much IIFL Securities charge for delivery?

    IIFL Securities charge Rs 20 per order for equity delivery trade. These trades are also known as cash & carry trades or CNC.

    Espresso customer also has to pay taxes, demat debit transaction fee (Rs 13.5 per trade) and exchange transaction charges.

  3. How much IIFL Securities charge for intraday?

    IIFL Securities charge Rs 20 per order for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

    In addition you have to pay taxes and exchange transaction charges.

  4. How much IIFL Securities charge for futures?

    IIFL Securities charge Rs 20 per order for equity, currency and commodity futures trading.

  5. How much IIFL Securities charge for options?

    IIFL Securities charges Rs 20 per order for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

  6. How much IIFL Securities charge for commodity?

    IIFL Securities brokerage charges for commodity futures is Rs 20 per order and commodity options is Rs 20 per order. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.

  7. How much IIFL Securities charge for currency trading?

    IIFL Securities charge Rs 20 per order for currency futures trading and Rs 20 per order for currency options trading.

  8. What are transaction charges in IIFL Securities?

    Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.

    IIFL Securities Transaction Charges 2022
    SegmentTransaction Fee
    Equity DeliveryRs 325 per Cr (0.00325%)
    Equity IntradayRs 325 per Cr (0.00325%)
    Equity FuturesRs 210 per Cr (0.0021%)
    Equity OptionsRs 5100 per Cr (0.051%) (on premium)
    Currency FuturesRs 210 per Cr (0.0021%)
    Currency OptionsRs 5100 per Cr (0.051%) (on premium)
    CommodityGroup A - Rs 280 per Cr (0.0028%)
  9. Does IIFL Securities offer IPO?

    Yes. IIFL Securities offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.

  10. Does IIFL Securities offers Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with IIFL Securities.

  11. Do IIFL Securities provide margin funds?

    Yes. IIFL Securities provide margin funding.

  12. Does IIFL Securities provide tips?

    Yes. IIFL Securities provide trading tips for stock and commodity trading to its customers.

IIFL Securities Account Opening Enquiry

Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Information on this page was last updated on Saturday, May 14, 2022

Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

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